The Obama administration's effort to extend an olive branch to the U.S. Chamber of Commerce regarding the Dodd-Frank Act has fallen flat. Gary Gensler, chairman of the Commodity Futures Trading Commission; Richard Cordray, director of the Consumer Financial Protection Bureau; and other officials appeared at a Chamber summit to discuss capital markets. Participants criticized the Volcker rule, efforts to supervise "too big to fail" financial institutions and other measures. Lawsuits challenging the Dodd-Frank Act are likely, according to Politico.

Full Story:

Related Summaries